How to Optimize CPA Exam Prep for Project Managers

by Daniel Raymond · November 27, 2024

Managing project duties while preparing for the CPA exam can be overwhelming! But it doesn’t have to be, at least not when you can use various tips to make the process easier. Let’s focus on how you can balance your work and study life with some effective strategies.

Table of Contents

Use Tried and Tested Time Management Techniques

As project managers, we’re already great at managing our team’s time to ensure timely project delivery. We can use project management techniques to manage and optimize our time as we study for the CPA.

Here are some handy tips to help you do that:

Create a study schedule: Just as you plan a project timeline, create a detailed study plan. Break down the study material into smaller, manageable chunks and set specific daily studying times. The key is consistency, so try to stick to your schedule.
Prioritize your tasks: Use a priority checklist to rank your tasks by importance and urgency. This will help you focus on the most critical study topics first and ensure you spend enough time on the areas that need the most attention.
Set realistic goals: Set achievable daily, weekly, and monthly goals. Having clear milestones will keep you motivated and help you track your progress. Remember, it’s a marathon, not a sprint, so pace yourself.

Leverage Learning Apps

Technology can make studying a lot easier. Here are some learning apps to help you make the most of your study time:

Becker CPA review: Becker offers highly-rated CPA, CMA, or CPE exam preps, study materials, and practice exams. Plus, you can save with Becker discount codes.
Quizlet: This app lets you create flashcards and practice quizzes on the go. It’s perfect for quick review sessions during your commute or breaks.
Trello: Use Trello to organize your study schedule and track your progress. You can create boards for different topics and check off tasks as you complete them.
Audible: Listening to audiobooks on CPA topics is a great way to learn while multitasking. You can keep studying whether you’re driving, exercising, or cooking.

Use Collaborative Study Methods

Studying with others can give you support, motivation, and a better understanding of challenging topics.

Here’s how to incorporate collaborative study into your CPA exam prep:

Join a study group: Connect with other project managers studying for the CPA exam. Sharing knowledge, resources, and experiences can help you understand difficult concepts and stay motivated.
Online forums and communities: Join online forums like Reddit’s CPA Exam community or CPA-related LinkedIn groups. These platforms offer a wealth of shared knowledge and are great places to ask questions and get advice.
Peer teaching: Explaining concepts to others is one of the best ways to solidify your understanding. Partner with a study buddy and take turns teaching each other different topics.

Take Advantage of Valuable CPA Exam Prep Resources

Besides the strategies above, using valuable resources can significantly enhance your exam prep.

Here are some resources worth considering:

Becker CPA review courses: Becker provides top-notch study materials, including textbooks, video lectures, and practice exams. Their adaptive learning technology customizes your study plan based on your strengths and weaknesses.
AICPA resources: The American Institute of CPAs (AICPA) offers free resources, including sample tests, blueprints, and tutorials. These tools can help you understand the exam format and content.
Accounting podcasts: Listening to CPA-related podcasts is a convenient way to stay informed about industry trends, exam tips, and study strategies. Check out podcasts like “CPA Review & More” by Yaeger CPA Review.
Project managers network: Use your project management network because colleagues who have taken the CPA exam can offer valuable insights and tips.

Practice Regularly and Take Mock Exams

Never underestimate the value of consistent practice and mock exams. These simulate the actual exam environment and can help you get comfortable with the format and timing. These practices will mellow out your exam nerves and are like the ashwagandha of the study scape.

Allocate time in your study schedule to take full-length practice exams under exam-like conditions. This will boost your confidence and help you identify areas where you need more focus.

Regular practice can significantly enhance your preparedness and ensure you’re ready for the real thing.

Additionally, thoroughly review your practice exams to ensure you understand your mistakes and can learn from them. Try varying the times of day you take the mock exams to condition yourself for any testing scenario.

Conclusion

Balancing CPA exam prep with your responsibilities as a project manager isn’t easy, but with the right strategies, it’s totally doable.

Managing your time effectively, using learning apps, and incorporating collaborative study methods can optimize your study process and increase your chances of success. Also, remember to use valuable resources like the Becker CPA Review and take advantage of cost-saving opportunities with Becker discount codes.

With dedication and a well-structured approach, you can conquer the CPA exam and advance your career as a project manager. Happy studying, and best of luck on your CPA journey!